International Iconic Gold Exploration (International Iconic Gold Exploration) EBIT : $5.46 Mil (TTM As of Sep. 2023)

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What is International Iconic Gold Exploration EBIT?

International Iconic Gold Exploration's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $5.88 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $5.46 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. International Iconic Gold Exploration's annualized ROC % for the quarter that ended in Sep. 2023 was -6.14%. International Iconic Gold Exploration's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 749.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. International Iconic Gold Exploration's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 134.47%.

International Iconic Gold Exploration EBIT Historical Data

The historical data trend for International Iconic Gold Exploration's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

International Iconic Gold Exploration EBIT Chart

International Iconic Gold Exploration Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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-1.17

-1.22

-0.46

-1.41

-0.82

International Iconic Gold Exploration Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															-0.24	-0.18	-0.12	-0.12	5.88

Competitive Comparison of International Iconic Gold Exploration's EBIT

For the Gold subindustry, International Iconic Gold Exploration's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

International Iconic Gold Exploration's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, International Iconic Gold Exploration's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where International Iconic Gold Exploration's EV-to-EBIT falls into.

International Iconic Gold Exploration EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.46 Mil.

International Iconic Gold Exploration (OTCPK:MFMLF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

International Iconic Gold Exploration's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-0.428 * ( 1 - 0% )	/	( (3.991	+	9.957)	/ 2 )
=	-0.428	/	6.974
=	-6.14 %

where

	Invested Capital		(Q: Jun. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3.312	-	2.442	-	( 0.02	-	max(0, 3.269	-	0.148	+	0.02	))
=	3.991

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	9.215	-	2.502	-	( 0.029	-	max(0, 3.36	-	0.116	+	0.029	))
=	9.957

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

International Iconic Gold Exploration's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	23.504	/	( ( (3.163 + max(-2.377, 0))	+	(3.113 + max(-2.44, 0)) )	/	2 )
=	23.504	/	( ( 3.163	+	3.113 )	/	2 )
=	23.504	/	3.138
=	749.01 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.065)	-	(2.442	+	0	+	0)
=	-2.377

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.062)	-	(2.502	+	0	+	0)
=	-2.44

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

International Iconic Gold Exploration's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	5.462	/	4.062
	=	134.47 %

International Iconic Gold Exploration EBIT Related Terms

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International Iconic Gold Exploration (International Iconic Gold Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » International Iconic Gold Exploration Corp (OTCPK:MFMLF) » Definitions » EBIT

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ICON:Canada

Address

700 West Georgia Street, Suite 3020, Vancouver, BC, CAN, V7Y 1K8

Website

https://iconicgold.com

International Iconic Gold Exploration Corp is a resource company. It is engaged in the business of acquiring, exploring, and evaluating mineral resource properties in Argentina. The company's project includes the San Roque gold property.